Business

Deals

Austrian state to launch online poker

Austria is to launch a national online poker site managed by the state....

Interview

OPEC chief: oil prices not caused by market fundamentals

Current oil prices are not a reflection of market fundamentals but a result of speculation and other factors, said the...

Interview

OPEC chief: oil prices not caused by market fundamentals

Current oil prices are not a reflection of market fundamentals but a result of speculation and other factors, said the...

Competition

EP passes new consumer credit rules

The European Parliament (EP) Wednesday approved new rules governing consumer credit across the 27-nation European Union....

Competition

EP passes new consumer credit rules

The European Parliament (EP) Wednesday approved new rules governing consumer credit across the 27-nation European Union....

Deals

Citigroup posts massive losses

Banking giant Citigroup Inc reported quarterly losses approximating $10 billion and consequently slashed dividends....

Deals

Citigroup posts massive losses

Banking giant Citigroup Inc reported quarterly losses approximating $10 billion and consequently slashed dividends....

Telco

Hybrid car boom in the making

Globally 500,000 to 600,000 cars operated by alternative resources and hybrid technology were sold in 2007....

Telco

Hybrid car boom in the making

Globally 500,000 to 600,000 cars operated by alternative resources and hybrid technology were sold in 2007....

Pharma

Apollo to set up Hungarian tire plant

Indian Apollo Tyres is to build a tire factory in Gyöngyös through a €300 million investment, said Ferenc Gyurcsány in...

Pharma

Apollo to set up Hungarian tire plant

Indian Apollo Tyres is to build a tire factory in Gyöngyös through a €300 million investment, said Ferenc Gyurcsány in...

Deals

Rosneft posts leap in revenues

Russia's largest state-controlled crude producer Rosneft announced its US GAAP net income had increased 138%, year on year, in the...

Deals

Rosneft posts leap in revenues

Russia's largest state-controlled crude producer Rosneft announced its US GAAP net income had increased 138%, year on year, in the...

Telco

Bulgaria limits electricity exports

Bulgaria has halted electricity exports to meet domestic demand, the Minister of Economy and Energy Petar Dimitrov said Tuesday....

Telco

Bulgaria limits electricity exports

Bulgaria has halted electricity exports to meet domestic demand, the Minister of Economy and Energy Petar Dimitrov said Tuesday....

Inside View

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

Appointments

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Inside View

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Residential

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

Real Estate

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Civil Engineering Surge Masks Decline in Building Construction

Civil engineering output more than doubled in Hungary in August, while building construction declined and the volume of new contracts...

Workload Outweighs Pay as Source of Workplace Distress

Workload, lack of recognition and job insecurity drive workplace distress among Hungarian employees, while pay remains their top priority, according...

CBRE Hungary Expands China Desk as Chinese Clients Pursue European Projects

CBRE Hungary has appointed Tu Yunfeng as business development manager at its China Desk, expanding the Budapest-based team as Chinese...

Spar Files New EU Complaint Over Hungary’s Retail Tax

Spar has filed another complaint with the European Commission over Hungary’s retail sector tax, arguing that amendments offer relief only...

Investing in Hungary’s Wind Renaissance: What Wind Tender Means for Stakeholders

Hungary has launched its most ambitious wind energy initiative in nearly two decades, opening a new chapter in the country’s...

Géza Palocsay Named Managing Director of Douglas Central Europe

Géza Palocsay has been appointed managing director of Douglas Central Europe, overseeing the beauty retailer’s operations in Hungary, the Czech...

Continest and Sweden’s Flexotrap Join Forces on Modular Shooting Ranges

As defense spending grows in importance across Europe following Russia’s full-scale invasion of Ukraine, local firm Continest Technologies Plc. and...

Hungary’s Housing Costs Drive Buyers Toward Garden Plots and Former Wine Cellars

Rising house prices and living costs are pushing more buyers toward properties on Hungary’s outlying garden plots and vineyard land,...

Energy Efficiency Also a Tax Opportunity

Diversifying Hungary’s energy supply has been on the agenda for years. The rapid expansion of solar power is a major...

Budapest Castle District Voters Back Short-Term Rental Ban

Nearly 59% of participants in an online vote in Budapest’s District I supported a complete ban on short-term rentals, Castle...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

Erste Real Estate Investment Fund Buys H2Offices

Skanska has agreed to sell the second phase of its H2Offices complex to Erste Open-Ended Real Estate Investment Fund, represented...

Hungary Retail Sales Rise 2.4% in August

Hungary’s retail sales volume increased 2.4% year on year in August but fell 0.7% from July, according to data from...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

GTA VI Preview Sends Hungarian Console Interest Surging

Clicks from Hungarian price comparison site Árukereső to online console retailers rose roughly sevenfold the day after the Aug. 27...